SONUS

How to Participate in the Sonus Exchange Airdrop

1. Create a Wallet: Set up a compatible wallet (like MetaMask) that works with the Soneium network.
2. Connect to Soneium Mainnet: Add the Soneium network to your wallet and ensure you have ETH to cover transaction fees.
3. Visit Sonus Exchange: Navigate to the official Sonus Exchange platform through the Soneium website.
4. Connect Your Wallet: Link your wallet to the Sonus Exchange interface.
5. Provide Liquidity: Deposit assets into one of the eligible liquidity pools to start earning points:
   • ETH-USDC
   • USDC-USDT
   • ETH-nrETH
   • ASTR-nsASTR
   • ASTR-USDC
   • ASTR-vASTR
6. Stake Your LP Positions: After providing liquidity, stake your LP tokens through the Sonus interface to maximize your point earnings.
7. Monitor Your Points: Track your accumulated points on the Sonus dashboard to gauge your potential airdrop allocation.
8. Maintain Your Position: Continue providing liquidity throughout the three-week Phase 2 period to maximize your points.
9. Claim Your Airdrop: After the $SONUS token generation event (TGE), claim your veSONUS positions through the platform.

Maximizing Your Sonus Airdrop Rewards

To optimize your potential airdrop allocation, consider implementing these strategies:

• Focus on High-Reward Pools: Some liquidity pools may offer greater point accumulation based on demand and platform needs.
• Maintain Consistent Liquidity: Longer-term liquidity provision typically generates more points than frequent deposits and withdrawals.
• Diversify Across Pools: Spreading your assets across multiple eligible pools can potentially increase your total point accumulation.
• Stay Informed: Follow official Sonus social channels for updates on point multipliers or special incentive periods.
• Engage with the Community: Participation in governance discussions and feedback can sometimes lead to additional rewards.

Understanding veSONUS and the ve(3,3) Model

What is veSONUS?

veSONUS represents vote-escrowed SONUS tokens, a governance mechanism where users lock their SONUS tokens for extended periods to gain voting rights and enhanced rewards. The “ve” model originated with Curve Finance and has been adopted by numerous DeFi protocols due to its effectiveness in aligning long-term incentives.

When users lock their SONUS tokens, they receive veSONUS positions in the form of non-fungible tokens (NFTs). These positions grant:

1. Voting power to influence protocol decisions
2. Boosted rewards from liquidity provision
3. A share of protocol revenue through bribes and incentives

The longer users lock their tokens, the greater voting power and rewards they receive, encouraging long-term commitment to the protocol.

The ve(3,3) Mechanism Explained

The ve(3,3) model combines the vote-escrow system with game theory principles to create a self-reinforcing ecosystem. The “(3,3)” notation derives from prisoner’s dilemma game theory, where the optimal outcome occurs when all participants cooperate.

In Sonus Exchange’s implementation:

• Liquidity providers earn base rewards
• Token lockers (veSONUS holders) receive boosted rewards and voting rights
• Bribers can incentivize veSONUS holders to direct emissions toward specific pools

This creates a virtuous cycle where:

1. Projects bribe veSONUS holders to direct emissions to their pools
2. Emissions attract more liquidity to those pools
3. Increased liquidity generates more fees
4. Higher fees provide more revenue for veSONUS holders

By aligning incentives across all participants, the ve(3,3) model aims to create sustainable protocol growth and liquidity.

Frequently Asked Questions

How long does Phase 2 of Sonus Points last?

Phase 2 of Sonus Points is initially scheduled to last for three weeks, though this period may be extended based on activity levels within the Sonus Exchange and broader Soneium ecosystem during the first three weeks. The exact end date will be announced through official channels.

What happens after the points phases end?

After the conclusion of Phase 2, the $SONUS token generation event (TGE) will occur. At this point, earned points will be converted to veSONUS positions based on each user’s proportional share of the total points pool. All airdropped tokens will be max-locked for 2 years as veSONUS.

Can I transfer or sell my veSONUS positions?

veSONUS positions are implemented as non-fungible tokens (NFTs), which means they can technically be transferred or traded. However, the benefits associated with these positions (voting power, reward boosts) remain tied to the original parameters of the lock. Trading these positions is generally not recommended unless you fully understand the implications.

How does Sonus compare to other AMMs?

Sonus combines elements from established protocols like Uniswap v3 (concentrated liquidity) and Solidly (ve tokenomics) while adding custom features tailored to the Soneium ecosystem. The primary differentiators include its seamless user interface, integrated incentive structure, and tight integration with the broader Soneium protocol suite.

Do I need to participate in both Phase 1 and Phase 2 to receive the airdrop?

No, participation in both phases is not mandatory. The two phases have separate allocations (30% for Phase 1 and 70% for Phase 2), so users can still earn significant rewards by participating only in Phase 2 on the mainnet.

Conclusion

Sonus Exchange represents a significant advancement in AMM design, combining proven mechanics with optimized user experience and incentive structures. By implementing concentrated liquidity alongside a ve(3,3) tokenomics model, Sonus aims to create deeper liquidity with greater capital efficiency than traditional exchanges.

The ongoing points program offers users an opportunity to participate in the platform’s early stages and potentially benefit from the $SONUS token distribution. With its role as the central liquidity hub for the Soneium ecosystem, Sonus is positioned to become an important infrastructure component for decentralized finance.

For users looking to participate in the current Phase 2 of the points program, providing liquidity to the designated pools and staying engaged with the platform throughout the three-week period represents the best strategy for maximizing potential rewards.